• 94% of Spanish Family Businesses Optimistic for 2012

    94% of Spanish family businesses believe that their sales figures will improve in 2012 or at least be the same as last year, according to the first ‘Big Spanish Family Business Barometer 2011’ conducted by the IE Business School and …

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  • Real Estate Business Will Improve in 2012

    During the presentation of a report on real estate trends for this year, the president of CBRE, Eduardo Fernandez-Cuesta said they anticipated that real estate activity during 2012 will exceed the previous year, while housing prices will continue their downward …

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  • Brussels Growth Forecast for Spain as Expected, Says Rajoy

    Spanish Prime Minister, Mariano Rajoy, announced that the State Budget to be presented by the Government on 30 March “will be realistic and contain a sensible and reasonable revenue forecast”. Furthermore, he reiterated that Spain will meet its deficit targets …

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  • World Bank Rules Out Bailout for Spain, Italy and Portugal

    World Bank President, Robert Zoellick, on Saturday ruled out the possibility that Italy, Spain and Portugal would need a bailout, but emphasised the importance of economic growth to strengthen the recovery. “The situation of each of these countries is different …

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  • Orange España Reveals Results for 2011

    Orange España registered a turnover of 3,993 million euros in 2011, which represents a 4.5% increase over the previous year, and an improvement of 9.8% in its gross operating profit (EBITDA) reaching 839 million euros. As for commercial activity, the …

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  • Brussels Forecasts Mild Recession for Spain in 2012

    According to economic forecasts published by the European Commission last week, the Spanish economy will shrink by 1% in 2012 and a mild recession will last until the end of the year due to the impact of the debt crisis, …

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  • Fuel Prices Mark Historic Highs

    Petrol and diesel prices have maintained their climb this week marking two separate record highs, according to the EU Oil Bulletin. Specifically, a litre of petrol rose above 1.4 euros for the first time and marked a second consecutive week …

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  • ‘Green’ Spanish Construction Company Gets EU Award

    Noem has won the first European Entrepreneurship Award from the EU for its proposal on “sustainable construction”. Another Spanish company, ParkGreen was also a finalist. The company Noem received the award in the category “InnoEnergy” for projects focusing on renewable …

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  • Spain Received 4.6% More Foreign Tourists in January

    According to the Survey of Tourist Movements (Frontur) released on Wednesday by the Ministry of Industry, Energy and Tourism, Spain received a total of 2.77 million international tourists in January, which represents a 4.6% increase over the same month of …

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  • Eight in Ten Spanish Don’t Think Unemployment Will Fall This Year

    According to a survey carried out by the human resources company, Randstad, after the Government announced the proposed the labour reform, 84% of Spanish do not believe that more jobs will be created this year or that the unemployment rate …

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  • Spanish Economy Shrinks 0.3% in Last Quarter

    The Spanish economy contracted in the fourth quarter of 2011 when compared with the previous quarter. According to the results from the Quarterly National Accounts published by the National Statistics Institute, the calendar and seasonally-adjusted GDP volume posted a -0.3% …

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  • Mortgage Loans Suffered Biggest Recorded Drop in 2011

    The total balance of mortgage loans from financial institutions stood at 1,009 billion euros at the close of 2011, representing a slump of 6% over the previous year, and the biggest drop in recorded history. These figures come from the …

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  • New Homes Will Drop Further in Price

    The Government claims new homes will continue to become less expensive this year and almost 65% of the excess of new housing is located in coastal areas. Without free flowing funding or increased employment, it is harder to shift this …

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  • Barcelona and Madrid Among 20 Best Student Cities

    Two Spanish cities, Barcelona at No. 11 and Madrid at No. 16, have been included in the list of the 20 best cities in the world for students, in a new ranking released at the weekend by QS, a company …

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  • Drop in Euribor May Lower Mortgage Payments

    The Euribor, the main indicator to which mortgages are referenced in Spain, has dropped its daily rate by five thousandths, strengthening its downward trend and giving hope to those whose mortgages are coming up for review that their monthly mortgage …

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